United Rentals (NYSE:URI) Price Target Raised to $1,100.00 at Robert W. Baird

United Rentals (NYSE:URI) had its price target increased by Robert W. Baird from $970.00 to $1,100.00 in a report issued on Friday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the construction company’s stock.

A number of other brokerages have also weighed in on URI. Citigroup reduced their price target on shares of United Rentals from $1,090.00 to $950.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Sanford C. Bernstein set a $903.00 price target on shares of United Rentals and gave the stock an “outperform” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. reduced their price target on shares of United Rentals from $970.00 to $850.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Royal Bank Of Canada reduced their price target on shares of United Rentals from $1,123.00 to $1,041.00 and set an “outperform” rating for the company in a research note on Friday, January 30th. Finally, UBS Group raised shares of United Rentals from a “neutral” rating to a “buy” rating and set a $1,025.00 price target for the company in a research note on Sunday, January 4th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $986.35.

United Rentals Trading Down 1.2%

Shares of NYSE:URI opened at $975.12 on Friday. The company has a 50 day moving average of $795.43 and a 200-day moving average of $842.66. The firm has a market cap of $61.09 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.59 and a beta of 1.68. United Rentals has a twelve month low of $611.93 and a twelve month high of $1,021.47. The company has a current ratio of 0.80, a quick ratio of 0.88 and a debt-to-equity ratio of 1.37.

United Rentals (NYSE:URI) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $9.71 earnings per share for the quarter, missing analysts’ consensus estimates of $11.47 by ($1.76). The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.20 billion. United Rentals had a return on equity of 30.56% and a net margin of 15.32%.The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $8.86 earnings per share. As a group, analysts anticipate that United Rentals will post 46.64 earnings per share for the current fiscal year.

United Rentals announced that its board has approved a share repurchase program on Wednesday, January 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a $1.97 dividend. This represents a $7.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, May 13th. United Rentals’s payout ratio is presently 20.37%.

Insider Buying and Selling at United Rentals

In related news, VP Andrew B. Limoges sold 548 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $977.86, for a total value of $535,867.28. Following the sale, the vice president directly owned 1,865 shares in the company, valued at $1,823,708.90. The trade was a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael D. Durand sold 2,490 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $791.14, for a total transaction of $1,969,938.60. Following the completion of the sale, the executive vice president owned 7,458 shares in the company, valued at $5,900,322.12. The trade was a 25.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,304 shares of company stock valued at $26,116,584 over the last quarter. Company insiders own 0.47% of the company’s stock.

Institutional Trading of United Rentals

A number of hedge funds and other institutional investors have recently made changes to their positions in URI. Salomon & Ludwin LLC raised its holdings in shares of United Rentals by 650.0% during the third quarter. Salomon & Ludwin LLC now owns 30 shares of the construction company’s stock valued at $29,000 after acquiring an additional 26 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of United Rentals during the third quarter valued at approximately $29,000. Aventura Private Wealth LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at approximately $27,000. Cedar Mountain Advisors LLC acquired a new stake in shares of United Rentals during the third quarter valued at approximately $32,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of United Rentals during the fourth quarter valued at approximately $28,000. 96.26% of the stock is currently owned by institutional investors.

Key Headlines Impacting United Rentals

Here are the key news stories impacting United Rentals this week:

• Positive Sentiment: Q1 beat and higher guidance — URI reported robust Q1 results, beating revenue and (adjusted) EPS expectations and raised full?year 2026 guidance, which triggered the large share rally. United Rentals Announces Strong First Quarter Results and Raises Full-Year 2026 Guidance
• Positive Sentiment: Demand and margins driving outperformance — Coverage points to stronger large?project demand, cost controls and fleet productivity as the operational drivers of the beat and improved margin outlook. URI Q1 deep dive: Large project demand and cost controls drive outperformance
• Positive Sentiment: Analyst upgrades lift sentiment — Major brokers raised price targets and ratings (JPMorgan and Robert W. Baird among them), reflecting confidence in upside after the results. Benzinga The Fly
• Positive Sentiment: Management confident on call — The earnings call emphasized continued demand strength and execution, reinforcing the raised outlook. United Rentals’ Earnings Call Signals Confident Growth
• Neutral Sentiment: Market recognition and index spotlight — Coverage notes URI gaining visibility in indexes (Russell 1000) and elevated media attention following the print. How Is United Rentals Gaining Spotlight In The Russell 1000 Index?
• Neutral Sentiment: Dividend declared — URI declared a quarterly dividend (paid late May), a small income element but not a primary driver of the move. Benzinga movers
• Negative Sentiment: Sharp run?up raises near?term risk — The stock jumped 20%+ on the print, leaving valuation higher and increasing the chance of profit?taking and short?term volatility (which appears to be occurring today). Why United Rentals Stock Jumped More Than 20 Today
• Negative Sentiment: Volume and volatility spike — Trading volume has climbed materially around the print, increasing execution risk for larger positions and the chance of intraday swings. United Rentals stock soars 23 as earnings beat lifts outlook

About United Rentals

United Rentals, Inc (NYSE: URI) is a leading equipment rental company headquartered in Stamford, Connecticut. The firm provides rental solutions and related services to construction, industrial, commercial, and municipal customers. Its business model centers on providing access to a broad fleet of equipment on a short-term or long-term basis, enabling customers to avoid the capital expenditure of ownership and to scale equipment use to match project needs.

The company’s product and service offerings span general construction equipment and a range of specialty categories, including aerial work platforms, earthmoving and excavation machines, material handling equipment, pumps, power and HVAC systems, trench and shoring solutions, and tools.